Bulgarian Building Plot Market Records its Strongest Quarter since 2009
Latest figures show that the building plot market has accounted on its strongest quarter since the autumn of 2009 with transactions worth € 24 million and above. During this period, the plot sales formed 75 per cent of the investment market. Its total amount for the second quarter is € 33 million.The total business property transactions accomplished during the first six months of 2015 amount to € 64 million. Most of the transactions are made in the Bulgarian capital city of Sofia. The activity of the developers is getting more dynamic.
Their interest has been getting stronger since the previous year. However, most of the building plots in close proximity to the large stations and boulevards in Sofia were intended for office buildings, so developers would seek such places for residential property projects.
The residential property market in Sofia is rapidly recovering and since more than a year, it has been quite attractive for the construction developers. The scale of the planned projects and the strategic location is what impresses them. Multifunctional complexes, multi-storey buildings located on larger boulevards are about to be built.
Many export merchants also built their private bases. This trend is obvious especially in terms of companies involved in automobile parts, textile and furniture industries. Approximately 200 000 sq.m of warehouse and manufacture plots in the entire country are currently in construction.
We would like to say a big THANKS to Kunka & Hristo from Bulgarian House team. You've been a great help to us, not only with the things involved with buying a house in Bulgaria, setting up a company and all the paperwork ect, but also when we've had other questions relating to life in general in Bulgaria we had no one else to ask but Kunka,. She's gone above & beyond her role as an estate agent, she must have bent over backwards to be as helpful as she possibly can & has kept us well informed every step of the way with regards to the sale. Thanks again, Kate & Mel xXx
— Kate & Melvin, UK